Nasdaq rallies 2.6% as US stocks close with big gains

By Ovunc Kutlu

ISTANBUL (AA) - The Nasdaq rallied almost 2.6% Thursday as US stocks finished with big gains.

The tech-heavy index jumped 264 points, or 2.59%, to close at 10,478.

The S&P 500 rose 66 points, or 1.75%, to 3,849, while the Dow gained 345 points, or 1.95%, to finish at 33,220.

Electric carmaker Tesla saw its stock price soar more than 8%.

Apple gained 2.8% and streaming service provider Netflix rose 5.1% -- both ending four trading days in the red.

The VIX volatility index, also known as the fear index, fell 3.2% to 21.44. The 10-year US Treasury yield decreased 1.4% to 3.830%.

The dollar index fell 0.53% to 103.92, while the euro gained 0.56% to $1.0667 against the greenback.

Precious metals were up, with gold climbing 0.6% to $1,815 per ounce and silver rising 1.5% to $23.90.

Crude oil prices were down less than 0.4%. Global benchmark Brent crude lost 0.3% to $83.75 per barrel, while US benchmark West Texas Intermediate crude slipped 0.37% to around $78.67.